NeuroMetrix Inc. (NURO) lost ground during morning trading on April 21 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the health care sector halfway through the trading day. At the lunch break, shares of NURO have fallen 5.19% to $0.6 after closing the day prior at $0.63. So far, the stock has traded as high as $0.64 and as low as $0.58. Today’s decline has come with about 356,372 shares changing hands, compared to an average 30-day volume of 227,550 for NeuroMetrix Inc.. The price is currently below the 30-day volume weighted average price of $0.61 for NURO.
The share depreciation gives the company a market capitalization of $5.35 million based upon 8.44 million shares outstanding. It also means that NURO has a price-to-book ratio of 1.14:1.
In the past 52 weeks, shares of NURO have traded as low as $0.5202 and as high as $2.36. Technical traders will take note that at $0.6, shares of NURO are trading below their 200-day MA at $1.1 and below their 50-day MA at $0.63. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is NURO?
NeuroMetrix Inc manufactures and sells wearable neuro-stimulation therapeutic devices and point-of-care neuropathy diagnostic tests that help patients and physicians manage chronic pain, nerve diseases, and sleep disorders. The company’s 44 employees are led by CEO Shai N. Gozani from the corporate headquarters at 1000 Winter Street in Waltham, MA.
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